New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-18
BALTIMORE AND OHIO RUMORS
THE TWO LATEST STORIES IN wALL-sE
Ohm ". MAoxAv SAID TO BE THE Buyer -Ax
.1-rnanIrLr Ivr LNNQIINCEMENIn

W.
AUTHORITATIVE ANNOUNCEMENT"
There we've two reports in Wall Street yesterday
concerning the Baltimore and Ohio deal" In both
CAGES the control Of tho railroad II said, had Ger
tainly passed out of the hands OF President Garrett
One had the merit of partial novelty in stating that
John W. Msckay. the California millionaire. was the
buyer According to this theory 1t was asserted that
President Garrett probably would remain the chief
executive OF the system which would be expanded
into new railway combination in which the interests
of Baltimore would not suffer, while an indie penden.
line TO New-York would be secured. The details could
not be made public because IT woud require some te
arrange them but they would be on basis satisfae
tory to shareholders and TO The public interests
1t was not stated how the Independent line TO New
York TO be secured. IL Is not known tnai M
Mecksy has any large railroad interests or that ne
has ever enterteined desire to become conspicuous IN
railroad management or ownership lie 10 reputeo "
be the principal owner OF the Postal and United Lines
Telegraph and OF the Commercial Cable compnnlesi
but the purchase of the Baltimore and Ohio Railroad
could add little to the harmony OF interest, between
these compaoies and the Baltimore and Ohio Teegrsph
Company. A closer union tor the purpose prncipaiiy
OF economy i'll practical management has been ois-
cussed at times tor than year. The terms OF an
agreement have not been agreed upon, but In active
opposition to the Western Union these companies are
united. 49, -.
his frends in this city said yesterday that in his udg
ment there not the sightost foundation Tor Inc
rumors connecting Mr. Maekays name WIN tne n ,td
more and Ohio deal "Ali his interests 1t was saiu
are In a different line and they wonld prevent MN
from entering upon new and untr1ed business. I 90
not know about all his affairs, of course but an
very confident that he has had idea OF joining IN
the purchase OF the Baltimore aud Ohio and prooaoiy
such thing has not even been suggested 10 hlih' =,
The latest announcement was made just before inc
close of business Mt the Stock Exchange Wall
Street news agency published this statement;
SETTLED.
We have The best io- announcing that me
Baltimore been sold 10 syndicate
the Cincinnati Hamilton and DAYTON ahe lag, sgoosbt and
100000 pai account Inc details OF the asfeenen
are Withheld for tho present
Tho n.mes of Henry s Ives and George VI. Stayner,
OF the firm OF II. s. Ives 4 CO.. hsye been mentioned
era times 10 connection with tins Tor II was gen
orally admitted that in any negotiations they cona
be acting only az brokers or In eome other inter
mediary capacity. When they bought control OF uie
Cincinnati, Hamilton and Dayton Railroad twas
generally supposed that they were acting Tor some
unknown principal, Though they had in that under
taking the assistlu of Christopher Meyer III was
rumorcd that the probable oM ner was =. 4. hhh'n
ton and perhaps Tor that reason II was snFmsed yes
terday that il the had bought control OF the Baltimore
and Ohio they were acting Tor the facibc hauToau
magnate When these rumors were rsJ'eated to him
Mr. Unniippfon said IN the most positive manner: 1
have no interest of any kind in the Baltimore aud Ohio
deal. 1 not associated with Ives ana S,syher ~
that or the Hamilton and Dayton matter My roads
reach New-York already by the way OF Newport News:
have not n cents interest in any efforts 10 control
the baltimore and Ohio"
Ncs-rs Ives and Stayner were seen by TRIBUNE
reporter after the story had been put in ciroua
ton Both were in "A non-con al nic"iive mood ihey
would neither confirm nor deny the story.
II have nothing TO say" said mr. Ives. There Is
nothing that | can communicate. although II there
| know OF paper would oblige more gladly
than THF TRIBUNE" 80
The statement; is made good authority was
suggested.
"Whnee name is given - asked Mr.. Ives.
" No name" was the reply.
Z" Then il can't be Authoritative Mr.. lves sa;d.
Are there any negotiations in which you IRE taking
Iart!"
cannot tell YOU. As said bctora, there is moth
ing for us 10 SAY 1
Mr.. Stayucr Joined with lis partner in refusing 10
deny the story. while protesting tna he was wiling TO
tell the II he had any TO tell.
prominent representative Oi The NanderbiIt inter
ests who was seen early the day said There IS
nothing in the Baltimore and Ohio matter that has
any substance ~ affecting the Vanderbilt aud Pennry
yana interests The tact tLat u prominent u !
that Mr. Garrett is determined 10 sell his road and
when that is the case pee will some time ind pur
chaser Mt some price. But the Sully negotiations |
turned into farce aud think 40 support will be lent |
TO another such affair
NR. NACKAY NOT INTERESTED
SAN Francisco March L. To p reporter for the Assoc
cated Press who called Nj. Mackay this afternoon TO
ascertain the truth OF e rspgrt a--ocnting SIR Mnckay
with baltimore and ONO telegraph deal that coHte
man pronounced the without Foundation AS Tar
~ am concerned" said MI. Mackay no proposition
for the REQUIREMENT of the Baltimore and ONO haWay |
or he Baltimore and ohio Telegraph Company has ron
made by me ne. and no negotiations are pending